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20121210
20121210
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♪ >> battle ground michigan. bailout taxes, yes, the wolverines state set a stage today. item one, four hours from now, president obama visits a suburb of detroit. in that near bankrupt city asks for a bailout. will the president oblige. organizationed labor health. the right to work legislation. the unions hate it. will the president step in? . detroit voted for him, the unions, mr. obama is there, what is he going to do? china is here buying part of the bailed out aig, buying 123 battery company and buying american mansions. that's what happens when china has the money and we've spent all of ours. or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it just common sense. from ameritrade. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holid deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] brea
. the republican war on labor unions goes on and on in the state of michigan, from wisconsin to ohio and now to michigan we've got to fight back and we will. plus all of the news of the day. but first, we get the latest. start off with today's current news update from lease a ferguson standing buy out in los angeles. hi, lease a. good morning. >> hey, bill. good morning, everyone. as bill mentioned, president obama is taking his fiscal cliff campaign back on the road again today. he is headed today redford, michigan where he will tour a diesel plant and speak to middle class workers. he will push his plan to raise encloses above 250 -- to raise taxes above $250,000 a year. president obama met with house speaker boehner for the first time in more than three weeks. the house is still refuseing to pass obama's tax plan much less agree to other policies. josh earnest is not giving any details into yesterday's. some republicans are coming around on improving higher tax rates for the wealthy. bob corker said on fox news sunday, obama does have the upper hand on taxes
in michigan's capitol city, where legislation is about to be passed that could weaken the power of unions. protestors are furious. republican lawmakers moved quickly last week to enact "right to work legislation," allowing workers at unionized companies not to pay dues to the union, which reduces bargaining power right in the uaw's own back yard. the measure has already been approved by both chambers of michigan's legislature, and final enactment could take place tomorrow. republican governor rick snyder supports the legislation. if enacted, it would make michigan the 24th state with right-to-work laws. recent strikes at a california shipping port are over, but concerns of outsourcing persist. last week, striking workers protested that their jobs were being outsourced. employers denied sending jobs abroad. however, there is evidence that some industries are ramping up outsourcing. consulting firm the hackett group estimates since 2002, 663,000 jobs from large u.s. companies have gone abroad, mainly from industries like information technology, human resources, finance and purchasing. by 20
against michigan becoming the nations 24th right to work state. dagen: we should point out, this just gives people the option of opting out from paying union dues. that is all that it does. the governor says he will not take on this divisive issue. low and behold, he is willing to sign it when it shows up on his desk. >> the governor did not want the kind of confrontation with unions, that, for instance, you saw in wisconsin. they put on a referendum on the november ballot saying we want to constitutionally banned the right of right to work. unions defeated the governor, one of the governor's favorite laws which is this emergency manager walt which he is trying to use to desperately save michigan cities that are desperately in trouble, including detroit. connell: he was forced, in your view. he maybe it would not have done it if it was not for that. >> the emergency managers law. connell: the idea that he is in support of it. [talking over each other] connell: is the union movement, you know, is it over, is the tide turning? >> first of all, the second biggest organizing drive in the
. this time in michigan. that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reagan is on top of
with the sierra lamar case. more on this at 7:30. >>> in about an hour from now, president obama flies to michigan to seek support from automakers to get help to avoid thefully. he will be touring a suburb of detroit. it's all part of the rally to rally popular support to raise taxes on the 2% of the wealthiest americans. now, he did meet with house speaker john boehner. the new view some republicans are address. >>> a smoke-free disclosure is expected to pass a key hurdle today. under the proposal landlords would have to tell perspective lenders if the building is smoke-free or optional. a meeting takes place at 1:00. if passed, the ordinance moves on to the full board. >> religious leaders are scheduled to hold a meeting tonight to protect funding for the job center. funding for the west oakland job resource center has come into question amid controversy over plans to put up aloom nateed billboards -- illuminated billboards. those boards were to bring in hundreds of thousands of dollars annually to help with the center. >>> you can expect periodic lane closures near the toll plaza on the bay bri
minute. president set to speak later at an auto plant in michigan about his planes it raise taxes on the rich. our chief political correspondent live at the white house with the latest. hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for
. david: president obama visiting a michigan auto plants today discussed in a fiscal crisis. our next guest argues in the long run they could see strong auto sales if ther there's no d% all. joining us now, edmunds.com chief economist. good to see you. how would we be better off if we go for the fiscal cliff at least in auto sales? @> we're better off because we're taking hard medicine now. do we want pay now and better later, or suffer now and not be better off later. lots of fixing to do. if we get a stronger growth path for taking more heart medicine now, that bodes well for the entire economy including auto sales. david: your bi are basically wht a compromise compromise will not solve anything. right? >> or worse, some that just extends the uncertainty. eventually compromise anything. no compromise at all because that is what is killing us right now, we're just played with this vast amount of uncertainty. business is almost paralyzed afraid to move forward with hiring, investing and is paralyzing the whole economy really been abll to move forward. david: how many folks are really
and you might have noticed, joe, we had quite a good backup quarterback, a rookie from michigan state, kirk cousins. >> and we've got johnny football, freshman. >> freshman, won the heisman. >> he could win four heismans. >> i was hoping your bengals were going to help us out yesterday. >> you know what, john? i was hoping you were not going to bring that up. i've heard people say this, i want my three hours back. i want my three hours back. they were leading until zero time. they were leading until zero. i mean, that's -- if you've been a bengals fan for 20 years, nothing surprises you any more. they were so much better than dallas through the entire game. i feel okay because dallas wag was dealing with some stuff and maybe they won it for the guy that unfortunately lost -- you know, i could see they were playing a little bit inspired. it's better that the bengals do it now than in the first playoffs game. >> the jets won yesterday keeping their playoffs alive. >> here is my question about the bengals. do you see them as still on the rise? >> you didn't see the game? because they wer
's in michigan today with extension from daimler. >> no, that's right. ironically michigan might vote to become a right-to-work state which could help their manufacturing competitiveness, as well. but thatroceeen going on for 20 years. now, look, we think we probably need to cut the corporate tax rate and have a territoriality agreement so we stop trying to tax profits of u.s. domiciled countries twice. but if we can do those things we think manufacturing will start coming back. it's not going to really happen in a major way in '13. but you know, '14, '15, these benefits will start to accrue to the economy and if it looks like there's a real strong case for a pickup in earnings growth, in '14, then the market will start to price that in the backup of '13. >> we spend so much time talking about what's going to happen in washington over the next 20 days. it's nice to actually have a conversation about what will happen in the next twelve months. brarry, thank you so much. >> i had to force myself to do it. >> barry knapp at barclays in new york. thanks, man. where's the love for the twinkie? today
Search Results 0 to 9 of about 10